https://www.instagram.com/vanessaclarkipai This is your Cocoa podcast. Hey everyone, welcome to another episode of Daily Cocoa Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest on cocoa prices, what's driving the market, and what it means for traders and chocolate lovers like us. Right now, cocoa futures are taking a hit. Barchart reports that July ICE New York cocoa is down 135 points, or 3.93 percent, while May ICE London cocoa number seven is down 94 points, or 3.73 percent. Prices are dropping sharply due to robust supplies from Ivory Coast, where farmers shipped 1.51 million metric tons to ports through April 19th, up 0.7 percent from last year. ICE cocoa inventories just hit a 20-month high of over 2.6 million bags, adding more pressure. Demand is faltering too. Circana says North American chocolate candy sales fell 1.3 percent in early 2026, and Easter sales dropped about 5 percent per Bloomberg Intelligence. Q1 grindings plunged: North America down 3.8 percent to 106,000 metric tons, Europe down 7.8 percent to 325,000 metric tons, the lowest in 17 years. Asia bucked the trend with a 5.2 percent rise, but it's not enough to offset the weakness. On the flip side, geopolitical tensions like the US-Iran conflict closing the Strait of Hormuz could hike shipping and fertilizer costs, supporting prices. Nigeria's exports fell 4.6 percent in February, with 2025-26 production projected down 11 percent to 305,000 metric tons. Ivory Coast forecasts its output dropping 10.8 percent to 1.65 million metric tons next season, though ICCO sees a global surplus. Keep an eye on Mondelez earnings today—they're a big cocoa user, and their stock's at $57.42 amid cost squeezes. Whether you're trading or just craving chocolate, stay nimble with these supply-demand shifts. Thanks for tuning in, friends—subscribe, share, and catch you next time on Daily Cocoa Price Tracker! For more http://www.quietplease.ai Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai For some deals, check out https://amzn.to/4hSgB4r This content was created in partnership and with the help of Artificial Intelligence AI.